Senior Contract Administrator - Equipment Finance

Commerce Bank

St. Louis (MO)

Hybrid

USD 93,000 - 109,000

Full time

14 days+

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Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

401(k)

Life insurance

Paid vacation

Paid personal time

Job summary

Commerce Bank is seeking a Senior Contract Administrator – Equipment Finance to document commercial leases and loans ranging from $200,000 to $5,000,000 for tax-based and tax-exempt entities. The role requires strong knowledge of UCC, contract law, and loan documentation processes.

The position offers a hybrid schedule (3 days on-site in St. Louis area or remote if outside), competitive health and retirement benefits, and opportunities to work with internal partners and clients to ensure

Qualifications

Bachelor’s degree or equivalent combination of education and experience required.
5+ years relevant industry experience relating to document creation in commercial equipment loan or lease environment.
Must be eligible to work in the U.S. without sponsorship now or in the future.

Responsibilities

. Act as subject matter expert in specialty areas, serving as a key resource for internal partners and a trusted point of contact for clients
. Manage client communications and expectations while addressing questions to ensure a seamless, client-focused experience
. Verify approvals and conditions, review lease and loan document requests, and track outstanding items
. Assist with document negotiations with outside counsel and ensure accuracy
. Review documentation requirements with clients to meet bank and client needs
. Create lease and equipment loan documents through internal systems with accuracy
. Prepare UCC financing statements to secure lien on collateral
. Verify insurance coverage on financed assets
. Set up escrow accounts and disbursement of funds
. Prepare lease amendment documentation
. Produce, review, and explain ad-hoc reports to Senior Management
. Identify efficiencies and write policies for the department
. Perform other duties as assigned

Skills

UCC lien law

Policy learning

Analytical skills

Independence

Accuracy & risk

Team support

Self-motivation

Team player

Adaptability

MS Office

General communication

Education

Bachelor’s degree or equivalent

Tools

Microsoft Word

Microsoft Excel

Microsoft Teams

Microsoft Outlook

Job description

About Working At Commerce

Building a career here is more than just steps on a ladder. It’s about helping people find financial safety and success, helping businesses thrive, and making sure people and their money are taken care of. And our commitment doesn’t stop there. Our culture is about our people, the ones in our communities and the ones that work with us.

Here, you’ll find opportunities to grow and learn, to connect with others, and build relationships with the people around you. You’ll have the space and resources to grow into the best version of yourself. Because our number one investment is you.

Creating an award-winning culture doesn’t come easy. And after 160 years, we know Commerce Bank is only at its best when our people are. If this sounds interesting to you, keep reading and let’s talk.

Compensation Range

Annual Salary: $93,000.00 - $109,000.00 (Amount based on relevant experience, skills, and competencies.)

About This Job

The main purpose of this job is to document commercial leases and loans originated by Commerce Bank. These leases and loans range from $200,000 to $5,000,000 with varied equipment types for tax based commercial entities and tax-exempt entities such as municipalities, schools, and other entities.

Essential Functions

Act as subject matter expert in specialty areas, serving as a key resource for internal partners and a trusted point of contact for clients
Manager client communications and expectations while proactively addressing questions to ensure a seamless, client-focused experience
Verify approvals and conditions, along with reviewing lease and loan document requests and tracking any outstanding items
Assist with document negotiations with outside counsel and review to ensure accuracy
Review documentation requirements with clients to accomplish both the bank and client needs
Create lease and equipment loan documents through internal systems, ensuring accuracy with approvals, internal requirements, etc.
Prepare UCC financing statements to secure lien on collateral
Verify insurance coverage on financed assets
Set up escrow accounts and requests disbursement of funds
Prepare lease amendment documentation
Comprehend requests in order to produce, review, and explain ad-hoc reports to Senior Management
Identify efficiencies within the department; write policy and procedures for the department
Perform other duties as assigned

Knowledge, Skills & Abilities Required

Strong knowledge of general legal principles related to contract work and lien issues through the Uniform Commercial Code (UCC) and motor vehicle titling laws
Ability to quickly learn and properly apply bank policy to various factual scenarios and to learn various bank systems used to create loan documents
Strong analytical skills and ability to apply logic
Ability to work independently and manage time properly
Ability to drive accuracy, mitigate risk, and improve turn around times
Ability to support team in management’s absence, providing continuity in day-to-day operations and assist with oversight responsibilities as needed
Motivated and organized self-starter with strong attention to detail and the ability to manage multiple priorities
Inquisitive, agile, and strong team player with excellent written, verbal, and interpersonal communication skills
Ability to remain adaptable and resilient to all situations with an optimistic outlook and cast a positive shadow that is aligned with our culture and Core Values
Intermediate level proficiency with Microsoft Word, Excel, Teams, and Outlook

Education & Experience

Bachelor’s degree or equivalent combination of education and experience required
5+ years relevant industry experience relating to document creation required in commercial equipment loan or lease environment for a financial institution required
Must be eligible to work in the U.S. without sponsorship now or in the future
Hybride Schedule: 3 days onsite if located in St. Louis, or remote option available if location is outside of St. Louis.
For individuals applying, assigned and/or hired to work in areas with pay transparency requirements, Commerce is required by law to include a reasonable estimate of the compensation range for some roles. This compensation range is for the Senior Contract Administrator – Equipment Finance job and contemplates a wide range of factors that are considered in making compensation decisions, including but not limited to location, skill sets, education, relevant experience and training, licensure and certifications, and other business and organizational needs. The disclosed range estimate has not been adjusted for any applicable differentials (geographic, bilingual, or shift) that could be associated with the position or where it is filled. At Commerce, compensation decisions are dependent on the facts and circumstances of each situation. A reasonable estimate of the current base pay is $93,000 to $109,000 annually. This position will be eligible for additional compensation through performance-based incentive plan(s) that will correspond to meeting performance goals.

Must be eligible to work in the US without sponsorship now or in the future.

Employment Benefits

The candidate selected for this position may be eligible for the following employment benefits: